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Adden

Registered: 06/04/03
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Hackers steal $32 million in Ethereum
#24496738 - 07/20/17 04:43 PM (6 years, 6 months ago) |
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http://www.kitco.com/news/2017-07-20/Hackers-Steal-Staggering-32-Million-In-Ethereum.html
Kitco Metals Inc.
In a massive security breach on Wednesday, hackers got their hands on 153,000 units of cryptocurrency ethereum, worth around $32.6 million. This was the biggest theft of the cryptocurrency so far and comes just a couple day after $7 million worth ethereum was stolen. The ether tokens, illegally depleted Wednesday, came from three of the largest Ether multi-signature wallets: Edgeless Casino, Aeternity, and Swarm City, according to media reports.
Hackers exploited a vulnerability in Parity's multi-signature wallet to gain access to the digital currency. The theft came to light around noon on Wednesday, Swarm City communications officer Matthew Carano said.
“We alerted the Ethereum Foundation and multiple developer groups immediately. Together, we were able to determine that malicious actors had exploited a flaw in the Parity Multisig code, which allowed a known party to steal over 153,000 ether from several projects including Edgeless Casino, Aeternity, and Swarm City," Carano said in a blog post.
Following the news of the breach, ethereum’s price tumbled to a low of around 138 from $235.
According to Kitco.com, aggregated cryptocurrency charts, ethereum has managed to its reverse some of its losses and was trading around $224 level at the time of publication.
Reportedly, the vulnerability in the Parity’s code, which produces digital wallets for users to keep their funds in. The method Parity uses is usually considered safe since it adds an additional layer of security by requiring a second user to sign a transaction before it is added to the blockchain.
Founder and CTO of Parity, Gavin Wood, published a security alert warning all users to move their funds somewhere more secure while the problem is resolved. “There is an effort by the foundation underway to secure funds in other wallets to prevent any further compromises,” Wood said. The so-called White Hat Group has also been working to recover the stolen funds. “If you hold a multisig contract that was drained, please be patient. We will be creating another multisig for you that has the same settings as your old multisig but with the vulnerability removed and we will return your funds to you there,” the group said in a Reddit post.
Wednesday’s cyber theft comes just days after $7 million worth of ether tokens was stolen on Monday.
By Anna Golubova
For Kitco News
Edited by Adden (07/20/17 05:08 PM)
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Nature Boy
Stranger than most



Registered: 07/09/07
Posts: 8,241
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Re: Hackers steal $32 million in Ethereum [Re: Adden]
#24496778 - 07/20/17 04:59 PM (6 years, 6 months ago) |
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Damn! Nice haul for a few hours hack-work. Just another reason I have never held an account or dealt in any of these "currencies."
-------------------- All submitted posts under this user name are works of pure fiction or outright lies. Any information, statement, or assertion contained therein should be considered pure unadulterated bullshit. Note well: Sorry, but I do not answer PM's unless you are a long-time trusted friend. If you have a question, ask it in the appropriate thread.
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LunarEclipse
Enlil's Official Story


Registered: 10/31/04
Posts: 21,407
Loc: Building 7
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Re: Hackers steal $32 million in Ethereum [Re: Nature Boy]
#24496924 - 07/20/17 06:01 PM (6 years, 6 months ago) |
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Quote:
Nature Boy said: Damn! Nice haul for a few hours hack-work. Just another reason I have never held an account or dealt in any of these "currencies." 
Yeah I am just SO fucking sick hearing how safe this digital bullshit nonsense is. Then they suck in the idiots by appreciating them. Nothing from nothing leaves nothing. Oh yeah, it's a great investment, I got my digital fucking wallet. So safe.
-------------------- Anxiety is what you make it.
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Nature Boy
Stranger than most



Registered: 07/09/07
Posts: 8,241
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Re: Hackers steal $32 million in Ethereum [Re: LunarEclipse]
#24497058 - 07/20/17 07:00 PM (6 years, 6 months ago) |
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Yep. If it was TRULY secure, it would be a real boon and far more tempting to dabble in. I'm sure I could free up some investment $$$...but the safety issue has always kept me on the sidelines, and these stories do nothing but confirm and validate my concerns. Like they say..."a fool and his money are soon parted."
-------------------- All submitted posts under this user name are works of pure fiction or outright lies. Any information, statement, or assertion contained therein should be considered pure unadulterated bullshit. Note well: Sorry, but I do not answer PM's unless you are a long-time trusted friend. If you have a question, ask it in the appropriate thread.
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LunarEclipse
Enlil's Official Story


Registered: 10/31/04
Posts: 21,407
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Re: Hackers steal $32 million in Ethereum [Re: Nature Boy]
#24497149 - 07/20/17 07:47 PM (6 years, 6 months ago) |
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Quote:
Nature Boy said:
Yep. If it was TRULY secure, it would be a real boon and far more tempting to dabble in. I'm sure I could free up some investment $$$...but the safety issue has always kept me on the sidelines, and these stories do nothing but confirm and validate my concerns. Like they say..."a fool and his money are soon parted."
Just wait till shit BTC retests 888.
-------------------- Anxiety is what you make it.
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Stonehenge
Alt Center


Registered: 06/20/04
Posts: 14,850
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Re: Hackers steal $32 million in Ethereum [Re: LunarEclipse]
#24497308 - 07/20/17 08:51 PM (6 years, 6 months ago) |
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They did not hack the ether or etherium network they hacked a certain type of wallet. There is a big difference between the two.
How much cash gets stolen, swindled or hacked each year in usa? Billions. So dollars are no good correct?
Bitcoin will prove all haters wrong. Ether too probably
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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howsyournaggerdoin
Happy


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Re: Hackers steal $32 million in Ethereum [Re: Stonehenge] 1
#24497759 - 07/21/17 12:50 AM (6 years, 6 months ago) |
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https://blog.parity.io/the-multi-sig-hack-a-postmortem/
Heres a statement from parity regarding the whole situation.
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sh4d0ws
LSx


Registered: 02/26/08
Posts: 12,086
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Re: Hackers steal $32 million in Ethereum [Re: LunarEclipse]
#24500693 - 07/22/17 11:57 AM (6 years, 6 months ago) |
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Quote:
LunarEclipse said:
Quote:
Nature Boy said: Damn! Nice haul for a few hours hack-work. Just another reason I have never held an account or dealt in any of these "currencies." 
Yeah I am just SO fucking sick hearing how safe this digital bullshit nonsense is. Then they suck in the idiots by appreciating them. Nothing from nothing leaves nothing. Oh yeah, it's a great investment, I got my digital fucking wallet. So safe.
You guys clearly have no clue how bitoin, private keys, or cryptography works. That is fine, but before you make inaccurate statements you should take some time to learn about cryptocoins. Offline cold storage wallets don't get hacked. Don't store your coins on a centralized exchange or market and don't invest in all these ridiculous ICOs that are coming out every second.
Edited by sh4d0ws (07/22/17 11:58 AM)
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Nature Boy
Stranger than most



Registered: 07/09/07
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Re: Hackers steal $32 million in Ethereum [Re: sh4d0ws]
#24500929 - 07/22/17 02:24 PM (6 years, 6 months ago) |
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^^^^ Good advice.
-------------------- All submitted posts under this user name are works of pure fiction or outright lies. Any information, statement, or assertion contained therein should be considered pure unadulterated bullshit. Note well: Sorry, but I do not answer PM's unless you are a long-time trusted friend. If you have a question, ask it in the appropriate thread.
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keyser_soze
Truth Bomber
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Re: Hackers steal $32 million in Ethereum [Re: sh4d0ws]
#24537464 - 08/07/17 05:39 PM (6 years, 5 months ago) |
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crypto currency is probably a scam for those that created it.
think office space type of deal.
-------------------- People in my Fan Club: Masked (President), Ballsalsa (VP), The Ecstatic*don't waste your time "debating" with him, he uses 3rd grader tactics (Director of Bullshit), Koods (Fake News Anchorman), Falcon - Devout Communist *Word your posts carefully if they contain right wing values. The moderators here like to keep it left leaning, they will use every excuse to ban you but not the others. You've been warned.
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5150
phantom

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Re: Hackers steal $32 million in Ethereum [Re: keyser_soze]
#24537807 - 08/07/17 08:11 PM (6 years, 5 months ago) |
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I'm so tired of hackers who steal from regular ppl,steal from government s and corporation s ,not individual s ,its usually Russian s ,they r some very non caring mean humans
-------------------- "the way of the warrior is the resolute acceptance of death" Miyamoto Musashi
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Stonehenge
Alt Center


Registered: 06/20/04
Posts: 14,850
Loc: S.E.
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Re: Hackers steal $32 million in Ethereum [Re: 5150]
#24537915 - 08/07/17 08:54 PM (6 years, 5 months ago) |
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Hackers are the lowest form of life or close to it. The scum would steal a dying man or woman's last few dollars for medicine or a cancer patients pain killers even if it was only $20 and the hacker themselves were already rich. They would steal every drop of your blood if there was a way to do it and not be caught. You have to assume every email, text, link, website, person, etc that comes your way is a scam until proven otherwise.
I just took a look and btc is up to 3396. Now granted it dipped just before that and may dip again. But just when you are the most sure it will dip again, it goes straight up so you never really know for sure.
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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John Nada
Toujours Frais

Registered: 03/03/03
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Re: Hackers steal $32 million in Ethereum [Re: Stonehenge]
#24538721 - 08/08/17 08:32 AM (6 years, 5 months ago) |
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Yeah, "hackers" are all evil and are the "lowest form of life", as you say. Murderers? Child rapists? Nothing compared to computer scammers! It's just like how all white people are the most evil on the planet because of their history of conquest and genocide. Did you know that most hackers are white too? Coincidence? I think not! We must stop all hackers and white people. What color are you? I bet you are white, which might as well make you a hacker, if you're not already. Get your ass in jail, hacker.
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5150
phantom

Registered: 09/01/06
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Re: Hackers steal $32 million in Ethereum [Re: Stonehenge]
#24540051 - 08/08/17 08:32 PM (6 years, 5 months ago) |
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Yep they have the same mindset of that scumbag who raised the price of a drug from like 17 to 700,just got convicted, think his parents were from albania
-------------------- "the way of the warrior is the resolute acceptance of death" Miyamoto Musashi
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sh4d0ws
LSx


Registered: 02/26/08
Posts: 12,086
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Re: Hackers steal $32 million in Ethereum [Re: keyser_soze]
#24541965 - 08/09/17 04:50 PM (6 years, 5 months ago) |
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Quote:
keyser_soze said: crypto currency is probably a scam for those that created it.
think office space type of deal.

I hear this often from people who literally know nothing about cryptocurrency, except for the fact that it exists. I really suggest learning about it from an objective stand point. It is not a ponzi scheme. Sure some coins have literally nothing but a white paper or a few lines of code and are raising millions upon millions of dollars (Bancor) but there are plenty of legitimate coins out there and the amount of things a blockchain can be used for is amazing.
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keyser_soze
Truth Bomber
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Re: Hackers steal $32 million in Ethereum [Re: sh4d0ws]
#24542031 - 08/09/17 05:28 PM (6 years, 5 months ago) |
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ponzi scheme is totally different than stealing .00000000000000000000000000001 bitcoins at a time.
-------------------- People in my Fan Club: Masked (President), Ballsalsa (VP), The Ecstatic*don't waste your time "debating" with him, he uses 3rd grader tactics (Director of Bullshit), Koods (Fake News Anchorman), Falcon - Devout Communist *Word your posts carefully if they contain right wing values. The moderators here like to keep it left leaning, they will use every excuse to ban you but not the others. You've been warned.
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DieCommie

Registered: 12/11/03
Posts: 29,258
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Re: Hackers steal $32 million in Ethereum [Re: keyser_soze]
#24542784 - 08/09/17 11:08 PM (6 years, 5 months ago) |
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Ive never had a minute fraction of bitcoins go missing… Why or how would an office space type rounding error crop up in bit coin transactions? The system itself does not have percents or interest or anything that would need rounding. Of course an exchange or repository could flat out steal your coins, but that is distinct from bitcoin protocals and network.
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keyser_soze
Truth Bomber
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Re: Hackers steal $32 million in Ethereum [Re: DieCommie]
#24543033 - 08/10/17 05:23 AM (6 years, 5 months ago) |
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Quote:
DieCommie said: Ive never had a minute fraction of bitcoins go missing… Why or how would an office space type rounding error crop up in bit coin transactions? The system itself does not have percents or interest or anything that would need rounding. Of course an exchange or repository could flat out steal your coins, but that is distinct from bitcoin protocals and network.
if it were happening, i dont think you would be able to tell. because that is the point of taking .00000000000000000000000000001 bitcons.
-------------------- People in my Fan Club: Masked (President), Ballsalsa (VP), The Ecstatic*don't waste your time "debating" with him, he uses 3rd grader tactics (Director of Bullshit), Koods (Fake News Anchorman), Falcon - Devout Communist *Word your posts carefully if they contain right wing values. The moderators here like to keep it left leaning, they will use every excuse to ban you but not the others. You've been warned.
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DieCommie

Registered: 12/11/03
Posts: 29,258
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Re: Hackers steal $32 million in Ethereum [Re: keyser_soze]
#24544001 - 08/10/17 03:13 PM (6 years, 5 months ago) |
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Addition and subtraction is simple, no matter how far from the decimal point you are. Right now, if things haven't changed, the protocol only supports 8 decimals of division. If I have 8.00000000 bit coins and send 0.00000001 to somebody I will have 7.99999999 left. There is no rounding to be had. If the math didn't add up, people would notice. You don't really know what you are talking about.
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keyser_soze
Truth Bomber
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Re: Hackers steal $32 million in Ethereum [Re: DieCommie]
#24544133 - 08/10/17 04:17 PM (6 years, 5 months ago) |
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"people would notice" thats the point of skimming a small amount, so people wont notice, and it will add up.
when you say the price of gas is 2.15, the price of gas is actually closer to 2.16. it's off by 1/10th.
maybe it could go to 9 decimals but the creators dont let you be aware, and they skim from the 9th decimal place???
like said you didnt create it so you have no idea the backdoors there are. just because it is a community based thing, doesnt mean someone isnt "in charge".
-------------------- People in my Fan Club: Masked (President), Ballsalsa (VP), The Ecstatic*don't waste your time "debating" with him, he uses 3rd grader tactics (Director of Bullshit), Koods (Fake News Anchorman), Falcon - Devout Communist *Word your posts carefully if they contain right wing values. The moderators here like to keep it left leaning, they will use every excuse to ban you but not the others. You've been warned.
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